NH Family Buys Luxury SUV with Digital Cash, Bitcoin

New Hampshire is home to many early adopters and users of cryptocurrencies. One recent example is the purchase/sale of a used Lexus automobile for crypto, half Dash and half Bitcoin. Parties used their phones to easily transfer funds within a Jaxx wallet—no bank involved!

Seller Mark Warden, broker of Porcupine Real Estate, works with property buyers and sellers who will transact in Bitcoin. Buyers Matthew and Brittany Ping, of Ledgeview Commercial Partners, run a residential property management firm, manage over 100 units in Southern New Hampshire and their company accepts rental payments in both Bitcoin and Dash. Both parties moved to the Granite State because of Free State Project.

New Hampshire is home to dozens of businesses that accept payment in cryptocurrency. There are multiple BVM (bitcoin vending machines) around the state. There is even a store in Portsmouth that transacts solely in crypto: Free State Bitcoin Shoppe.

This is at least the third recorded sale and purchase of a car in exchange for bitcoin. (There was one in 2014 and one in 2015 — both in New Hampshire). It marks a first for the cryptocurrency DASH, which has climbed the ladder of top 100 cryptocurrencies by market cap all the way up to the #5 slot, thanks in large part to its widespread adoption in New Hampshire. Portsmouth alone has more DASH-accepting retail stores than anywhere else in the world — 16.

Real-world bitcoin and cryptocurrency use is common in New Hampshire. Bitcoins are scarce and offer users more privacy and fewer roadblocks than banks. Like cash, users can make payments without revealing personal data. Like email, they can be instantly sent from person to another, even across the world. Visit the Free State Bitcoin Shoppe in Portsmouth, NH to get started using bitcoin, or visit Bitcoin.com.

Meet other Cryptonauts in the Portsmouth area by joining the Portsmouth Bitcoin Network on Meetup.com and on Facebook. If you don’t live in New Hampshire and you love cryptocurrency, consider moving and reinforcing the network effect already taking place here.